Guideline Value for GANGA NAGAR MAIN ROAD

Ganga Nagar Main Road guideline value

The current guideline value of Ganga Nagar Main Road is Rs 8,200 per sq.ft, effective from 1 July 2024. This road is located in Puliyur village and falls under the Kodambakkam SRO, with a land classification of Residential Special Type - I.

How the guideline value of Ganga Nagar Main Road has changed

In the 2007 revision, the guideline value was Rs 2,100 per sq.ft. This increased significantly to Rs 7,500 per sq.ft in the 2012 revision, but then saw a decrease to Rs 5,025 per sq.ft in 2017. The 2023 revision marked a substantial increase to Rs 7,500 per sq.ft, followed by the current value of Rs 8,200 per sq.ft in 2024, reflecting a 9% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 290%. The revisions for the years 2002 and 2003 do not have figures available for Ganga Nagar Main Road.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value is Rs 5,800 per sq.ft, making the 2024 guideline value of Ganga Nagar Main Road above this median.

• Ganga Nagar 5th Cross Street: Rs 7,100 per sq.ft (2024)
• Ganga Nagar 4th Cross Street: Rs 7,100 per sq.ft (2024)
• Ganga Nagar 3rd Cross Street: Rs 7,100 per sq.ft (2024)
• Ganga Nagar 2nd Cross Street: Rs 7,100 per sq.ft (2024)
• Ganga Nagar 1st Cross Street: Rs 7,100 per sq.ft (2024)
• Gangai Amman Koil Street- Vadapalani: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ganga Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 82,00,000. The stamp duty at 7% would amount to Rs 5,74,000, and the registration fee at 2% would be Rs 1,64,000, bringing the total to Rs 7,38,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganga Nagar Main Road?

The Sub Registrar Office that covers Ganga Nagar Main Road is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Puliyur

The guideline value is a critical factor in the registration process for property transactions in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees payable when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, with the higher amount being used to calculate the applicable fees. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ganga Nagar Main Road?

The current guideline value of Ganga Nagar Main Road is Rs 8,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 2,100 per sq.ft to Rs 8,200 per sq.ft in 2024, reflecting an overall increase of 290% over the years.

What are the stamp duty and registration fees for properties on Ganga Nagar Main Road?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 7,38,000.

Which Sub Registrar Office is responsible for Ganga Nagar Main Road?

The Kodambakkam Sub Registrar Office is responsible for Ganga Nagar Main Road, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the median guideline value for streets in Puliyur?

The median guideline value for streets in Puliyur is Rs 5,800 per sq.ft, with Ganga Nagar Main Road's value being above this median at Rs 8,200 per sq.ft.